PARNELL 475
PARNELL 475 is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Linn Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2013 to August 2026, totalling 1,222,005 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $287K, with roughly $87K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 895 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 15,019 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about PARNELL 475
- Who operates PARNELL 475?
- PARNELL 475 is operated by Linn Operating, Inc., Railroad Commission of Texas operator number 501545.
- Where is PARNELL 475?
- PARNELL 475 is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 275351.
- Is PARNELL 475 still producing?
- PARNELL 475 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARNELL 475 is August 2026.
- How much has PARNELL 475 produced?
- PARNELL 475 has reported 1,222,005 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2013 and August 2026, from 1 wellbore.
- How much is PARNELL 475 worth?
- The remaining production from PARNELL 475 is estimated to be worth about $287K in total as of 27 August 2026, within a range of $224K to $350K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARNELL 475 is a fraction of it. The estimate fits an Arps decline curve to the production PARNELL 475 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARNELL 475 is an estimate of value, not an offer and not an appraisal.
- How much income does PARNELL 475 generate in a year?
- PARNELL 475 is forecast to net about $87K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARNELL 475 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Linn Operating, Inc. |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 275351 |
| Wellbores | 1 |
| Reported production | 1,222,005 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $287K |
Where PARNELL 475 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.